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Intel offered 60% more than McAfee was worth yesterday. Basically if you buy MFE now (up 57% as I write), you're essentially just buying a bond with a 3% return
by secret 16y ago
Intel offered 60% more than McAfee was worth yesterday. Basically if you buy MFE now (up 57% as I write), you're essentially just buying a bond with a 3% return between now and when the stock switches to Intel. Of course, there's always a chance the deal isn't completed for whatever reason.
As for Intel going down, I would sell too. I don't really see how this deal makes sense.
- afterburner 16y agoThe purchaser's stock typically goes down because the company just spent a lot of money... whether loaned or not.
- secret 16y agoVery true. My point was that this just seems like a bad idea to me, and it would scare me from holding the stock if management keeps making deals like this.